and in 2015, they predicted a recession by 2016

Posted on: September 18, 2019 at 11:24:22 CT

“The recession outlook has worsened significantly in the last nine months,” said John Graham, a finance professor at Duke’s Fuqua School of Business and director of the survey. “Last June, the odds of recession were low in many countries, including the U.S., Canada and much of Europe. Today, driven in large part by slowing emerging economies and volatile financial markets and commodity prices, the risk is relatively high around the world.”